Gold (XAUUSD) Analysis – 31 July
Market structure is now aligned across both higher and lower timeframes:
H4: Bearish
M15: Bearish
This alignment strengthens the probability of trend-continuation setups in favor of the dominant downtrend.
🔄 Current Market Behavior:
The M15 chart is currently in a pullback phase, retracing toward its previous lower high and approaching a key supply zone.
📍 Key Supply Zones to Watch:
Zone 1 – Immediate Supply Zone (3299 – 3305)
• First area of interest where price may react.
• If respected and followed by M1 confirmation, a short setup could be initiated.
• Watch for signs of exhaustion or sharp rejection.
Zone 2 – Higher Supply Zone (3326 – 3332)
• If the first zone fails, this becomes the next high-probability area.
• Well-aligned with the broader bearish structure — expect stronger reaction potential.
• Suitable for cleaner high RR short trades if price reaches this level.
✅ Execution Plan:
• Observe how price behaves inside the marked zones.
• Only plan short entries after M1 confirmation — this adds precision and prevents premature entries.
• Stay patient. Let the market come to you and reveal intent before acting.
📌 Summary:
Bias: Bearish
Structure: H4 and M15 both support downside bias
Zones in Focus:
– Primary: 3299–3305
– Secondary: 3326–3332
Execution: Wait for confirmation before entering.
Risk-Reward: Maintain 1:3 RR minimum (e.g., 40 pip SL, 120 pip TP).
Let the structure guide your setups — not impulse.
📘 Shared by ChartIsMirror
Market structure is now aligned across both higher and lower timeframes:
H4: Bearish
M15: Bearish
This alignment strengthens the probability of trend-continuation setups in favor of the dominant downtrend.
🔄 Current Market Behavior:
The M15 chart is currently in a pullback phase, retracing toward its previous lower high and approaching a key supply zone.
📍 Key Supply Zones to Watch:
Zone 1 – Immediate Supply Zone (3299 – 3305)
• First area of interest where price may react.
• If respected and followed by M1 confirmation, a short setup could be initiated.
• Watch for signs of exhaustion or sharp rejection.
Zone 2 – Higher Supply Zone (3326 – 3332)
• If the first zone fails, this becomes the next high-probability area.
• Well-aligned with the broader bearish structure — expect stronger reaction potential.
• Suitable for cleaner high RR short trades if price reaches this level.
✅ Execution Plan:
• Observe how price behaves inside the marked zones.
• Only plan short entries after M1 confirmation — this adds precision and prevents premature entries.
• Stay patient. Let the market come to you and reveal intent before acting.
📌 Summary:
Bias: Bearish
Structure: H4 and M15 both support downside bias
Zones in Focus:
– Primary: 3299–3305
– Secondary: 3326–3332
Execution: Wait for confirmation before entering.
Risk-Reward: Maintain 1:3 RR minimum (e.g., 40 pip SL, 120 pip TP).
Let the structure guide your setups — not impulse.
📘 Shared by ChartIsMirror
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.